Question: How much should you pay for a $ 1 , 0 0 0 Par value bond with 8 % coupon, annual payments, and 5 years

How much should you pay for a $1,000 Par value bond with 8% coupon, annual payments, and 5 years to maturity if the interest rate is 10%?(Note: Semi-annual interest payments)A.$961.40B.$924.18 C.$973.56 D.$1,000

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